Member Info for FigTreeHarry

QBT BTC Mining Testing phase:
Using AI approach at 100x or 1000x speed, if being tested successfully it would still be using company’s bitcoin mining node, this means mining BTC blocks “real-time” within real ledger and network.

There is no test network/ parallel system running alongside with real-time ledger. It does not exist. Else it would be copied, open to fraud. That is the point I am making)

Testing BTC mining is real-time mining just like every other miner.
Any initial first success is real £Revenue = £cash in our coffers (Daily)

Therefore, BTC mining testing is real-time and operational, using QBT the bitcoin mining node. The access is the same ledger in the mining network.

We patiently await next 2-4 weeks our “1st attempt on BTC block mining success rate test reporting...” The no of BTC/ ETH mined? Our first Initial results?

We may have an indication on first BTC testing results by Jan 13th i.e 4thweek?
The company is “BTC mining” (even if termed BTC Mining Testing) from next Monday. A question and analysis of how good are the engines, the finely tuned optimised 256algorithms, huge computational power when plugged on and the set-up compares to the rest of the network in terms of speed, efficiency, and real-time success in intial test phase.

DFLAT,

Agree it’s the one conversation all companies will wish to avoid, or fast forward, when raising funds simply to keep abreast. That bubble will burst, one by one. Pop a doodle doo...
Unsustainable unless BTC jumped to $200k or something crazy very soon. Making funds available to existing miners organically. Investors and lenders will become cautious on each round of raise to keep up and as will the generous public in 2022.

QBT December - BTC Mining testing with experimental algorithms (ultra boost and AI accelerated 100x 1000x starts Monday using QBT bitcoin node. AI machine learning, using automatic expression reductions tools to mining blocks. This is radical. Complex yes.

A first of its kind in BTC mining industry.

QBT January-22 a new kid is coming to town...gun slinging “quantum chip processing power” determined to succeed with new tools where no mining company has EVER succeeded.
DYOR / AT

He certainly has, well done Dave, I am please for you mate.
Does not always work out that way.
It is the equivalent of QBT jumping 3p to 15p, in just 10 days.

That could happen very easily if we news slip out we can mine just 1 block a day successfuly in Jan-Feb.

Shhh.

TR1- may answer some of our questions
New directorship appointments for next year?
Cheap Energy supplier contract - hydro?
Mining other ccy’s

All of these will fruition, a question of time.

Notready1
Good point you make, surrounds himself with a team of great academics.

To achieve any major form of success in this accelerated AI approach and mining, the RnD operation requires accredited names to be withiin the circle of the team. It cannot be achieved by recruiting any old certified engineers.

I’m looking forward to seeing the 6 market makers with their pants down at their ankles when they fully realise what FG and his team of select, internationally renowned incl. “accredited” professors have been diligently working on, and what it translates to in the wider “bitcoin mining” world.

Quantum mining processor.....?

QBT period Dec-21- Feb 2022
Expectations and summary of news and events:

Fast approaching final 15 trading days towards Jan 3rd 2022.
Here’s a knocked up summary of what we may expect, feel free to add to this:

Dec-2021- (This week)
1. High performance IT supporting Infrastructure for RnD arrives in Italy this week
2. Including: QBT “bitcoin mining node” arrives this week.
3. BTC Mining Testing commences planned for Dec12-2021.
4. AI: RnD Progression news: on AI approach to BTC mining advances as per CEO interview: initial research revealing speed improved by: “3 orders of magnitude 100x 1000x faster” to BTC mining is potentially possible using AI, machine learning, deep learning, using automatic expression reductions tools to mining blocks. This is radical news.

Jan-2022
1. Jan 12th Sipiem court hearing if success = €9m award to QBT in April/May-22
2. BTC mining testing using experimental Algo’s - Dec progress on testing update

QBT could be mining using advanced AI approach by Q1-22 using accelerated AI techniques, “3 orders of magnitude”, combined within our existing commercial machines (integrated chips).

Feb-2022
1. Patent_2 announcement improvement on Patent_1 asic ultra boost
2. Artificial Intelligence RnD approach. Final Results /announcement
3. QBT commence BTC mining using QBT experimental Algorithms 100x 1000x -TBC
4. Big update on using commercial chips with accelerated AI approach -TBC
5. Update on mining ETH/ ccy’s - TBD
6. News update on 5nm chip prototypes/ cost TBD
7. News on any “select partnership” news TBA
8. Feb 15th 5p Stock option exerciseable (10m) - for cryptographer if in profitability
9. RnD on Dwave applications - further UPDATE
10. Dec 2021 QBT Year end reporting

Dec and New Year towards February-22 are going to be our best months.
News in January and February is disruptive, and “partner selection” maybe part of this.

DYOR / GL - ATB.

The interview ties in with this Nov 5th update:

Nov 5th 2021
RnD on AI Accelerator:
“Moreover, early experimental evidence, using AI techniques to multiply by several factors the speed of an FGPA for computing the Bitcoin mining algorithm, would make even an FPGA a competitive Bitcoin mining tool. This same principal would apply to ASIC and other existing commercial mining tools. (Commercial GPU’s?).” Tests on this innovative approach, will continue over the next three months - Expected Jan-22

Note: “Multiply by several factors” was already known by Professor’s team way back end of October - early Nov....

We now know it “3 orders of magnitude” from CEO interview.
The RnD result will be a industry game chnager, “that is the news of the week” if anyone is asking for news.

What???
With no news????

We had news all last week......
Not just any news.

LL,

If you are genuinly invested, would you rather we stayed at 3p?

I stated 3.6p (not £3.60p)

Feel free to use “filter”.

WE NEED A RE-RATE ...
Nothing is marked in at present.

3.6p should be breached today.
No reason not to, after all the massive news.

Source CEO Interview:

Nothing has changed since CEO’s amazing Interview on late Friday afternoon.

“We are approaching the goal on mining faster and cheaper than anyone else on the planet”
CEO of QBT: Prof F. Gardin

————————
FTH: You are going to need a well armoured bunker Professor Gardin after stating “on the planet?”
CEO: Indeed Signore Figgy. Indeed.
We have custom made, we are Italian of course. Protection is like pizza/ pasta. Now per favore, we must get on, we are on a mission. The IT Infrastructure, it arrive this morning. You forgot?

FTH: That means, Mining could be as soon as? Signore Delmonte??

CEO: When I say.. Yes;)
Now vaffanculo !!

A positive day today, could see $53,000, like nothing had ever happened, if you had slept through the past 72hrs...

Buyers are all still here.
3.6p close...?

Crypto Sector all bright and blue tonight.
Seems business as usual to me.

Amazing.

BTC must have TNT up its intestinum rectum no doubt..lol

Up $2700 on day.

You can’t keep a good dog down...

Can there be a transfer of shares to new chip partner ?

Posted first on Friday:

Revenue “revised” calculation:
Correct me if I am wrong please, the more experienced investors in crypto Dsflat, quant and others, correct me on this....

1 block mined contains 6.25BTC = $400,000 (est)$65k

Max 144 blocks a day x 6.25BTC
= 900 BTC a day mined

How many blocks are mined in an hour?
Min 6 blocks an hour?

If we achieved 1% of BTC available to mine a day=9 BTC success:
9 x $66,000 =$568k a day x 30day
= $18m a month revenue
= $216m a year revenue
—————————
This is incredible if we achieve AI:
If we had super AI technology and we managed 10% share of 144blocks
10%= 14.4blocks = 90 BTC a day mined

90BTC a day = $5.85m revenue per day
(Market circ price Btc@65k)
=$175m a month
= $2.1bn a year
————————
A 1% to 10% BTC mining success rate with AI approach potential revenue is below:

1% = $18m PerMonth-$216m per yr. rev
OR
10% = $175m PerMonth - $2.1bn a year

We only need a tiny piece of 1-10% = cash rich and unicorn in 2022.

Who is buying 15m ??

Friday 7.5m x2 blocks

=30m...

Amazing no of buys today
MM’s lost out once again

The Lady could easily turn blue by close.
Far from over this show, just begining...

Patience will pay off now we know 100x 1000x....shhhhhhhhhh!!
FTH.

A lot of clues in the QBT website summaries of RnD approaches of how to achieve 100x 1000x...quantum processing
”faster speed and extraction of a block”

AI machine learning
QBT team are monitoring, building and testing a Terminator like approach to do the work “automatic expression reductions tools” add to that “advanced complex compression”. The ability to transform a sequence of logical and algebraic complex expression in an equivalent one, but shorter and easier to be calculated.

Mining companies will queue to work with QBT =. “selected partners”